Mark Robinson appointed CEO, Citi South Asia

Financial services major, Citi, on Thursday said that Mark Robinson has been appointed Chief Executive Officer of Citi South Asia and would lead its banking franchise in India, Sri Lanka and Bangladesh.

Based in Mumbai, Robinson succeeds Sanjay Nayar, who will be joining Kohlberg Kravis Roberts & Co as its CEO and Country Head in the country.

"We are fortunate to have Mark Robinson joining the team in Asia-Pacific and our South Asia franchise will benefit greatly from his professionalism, leadership and acumen," Citi's Asia-Pacific CEO, Ajay Banga, said in a press release.

Robinson is a 24-year Citi veteran who has spent the majority of his career in emerging markets, the release said.

"Citi has built an extensive franchise in India, Sri Lanka and Bangaldesh, and I look forward to working with the excellent team on the ground to continue our momentum and deliver the full power of our universal banking model to clients in the region," Robinson said.